According to data released by the National Bureau of Statistics (NBS) on Friday, China’s gross domestic product (GDP) grew by 4.8 percent year-on-year in the first three quarters of 2024. This growth brought the country’s GDP to over 94.97 trillion yuan (approximately $13.34 trillion) during this period.
The NBS data highlights the continued expansion of China’s economy in the face of global economic challenges. The 4.8 percent increase demonstrates consistent growth, reflecting the nation’s economic policies and development strategies.
China’s economic performance in the first three quarters of 2024 is a key indicator for global markets and investors, signaling potential trends in the Asian economic landscape.
Reference(s):
cgtn.com
